Addenda Capital Inc. Has $13.20 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Addenda Capital Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 80,015 shares of the company’s stock after buying an additional 4,016 shares during the period. Addenda Capital Inc.’s holdings in PepsiCo were worth $13,197,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock valued at $3,227,287,000 after acquiring an additional 578,083 shares during the period. Norges Bank bought a new stake in PepsiCo in the fourth quarter valued at about $2,686,139,000. California Public Employees Retirement System increased its stake in PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares during the period. Franklin Resources Inc. increased its stake in PepsiCo by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after acquiring an additional 1,345,065 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in PepsiCo by 15.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock worth $1,430,250,000 after buying an additional 1,105,127 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.8 %

NASDAQ PEP traded up $1.34 during trading hours on Wednesday, hitting $173.71. The company’s stock had a trading volume of 3,352,255 shares, compared to its average volume of 5,579,022. The stock has a fifty day moving average of $168.06 and a 200 day moving average of $170.45. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $183.46. The firm has a market capitalization of $238.60 billion, a P/E ratio of 25.21, a PEG ratio of 2.98 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.12%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America decreased their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. BNP Paribas initiated coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada decreased their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.